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Hyundai E&C Consortium selected as preferred negotiator for Seochang-Gimpo and Osan-Yongin Expressway projects

    Ji-Yu Doko
    By Ji-Yu Doko Replies (1)

    Asia Economics Korean publication inform on July 15 2020 announced that Hyundai Industrial Development Consortium and Hyundai E&C Consortium chosen for first negotiation for Seochang~Gimpo and Osan~Yongin Expressways by Ministry of Land, Infrastructure and Transport.

    Projects are built on BTO-a (Build-Transfer-Operate-adjusted) model.

    For Seochang~Gimpo Expressway project Hyundai Industrial Development Consortium next to Hyundai has  GS Consortium, Gold Mining Company, Taeyoung Construction, and Doosan Construction.

    For Osan-Yongin Expressway project Hyundai E&C consortium next to Hyundai has Daewoo E&C, SK E&C, and Ssangyong E&C write Asia Economics.

    Because projects have long and deep tunnels, environmental risks investigated for construction and operation.

    https://cm.asiae.co.kr/article/2020071511594884748

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